sebi

02 Jul 2007

Get a PAN to resume trading in your frozen demat account

Following the strict directions from SEBI for compulsory PAN details for trading in stock market, CDSL and NSDL have frozen over 27.5 lakh demat accounts till date. Infact, every fourth demat account stands freezed. This is inspite of extension of the deadline for submission of PAN and giving several reminders to account holders. Investing in(…)

26 Jun 2007

Now PAN only identification for financial transactions

SEBI has decided to make Permanent Account Number (PAN) as the sole identity for transactions in securities market irrespective of the transaction amount. The Government has scrapped Unique Identification Number (UIN) which failed to make any headstart as it wasn’t made mandatory. Earlier in March this year, SEBI had reversed its decision of quoting a(…)